Governmental Accounting and Auditing Update: SAS 134-145 Update (Completed)

Date: Friday, December 2, 2022
Instructor: Kurt Schlicker
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Auditors of all organizations have seen major changes in audit requirements during 2022 and are faced with further changes coming in 2023. Hear an overview of Statements on Auditing Standards Nos. 134-145 with a focus on those provisions that impact State and Local Governments.

Who Should Attend
Auditors of state and local governments and interested preparers.

Topics Covered

  • See the new auditor's reports in SAS-134, as amended by SAS-141 and the optional presentation of key audit matters
  • Understand the changes in SAS-135 Omnibus Statement on Auditing Standards 2019
  • Understand the changes impacting governments in SAS-137 (Other Information) and SAS-138 (Materiality)
  • Understand the impact of changes in SAS-139 that conform SAS-134 to Special Purpose Frameworks and AU-C Section 805 reports
  • See an overview of the changes in SAS-140 that impacts governments including supplementary information and required supplementary information reporting and compliance audits such as the Single Audit
  • Prepare for the changes coming to Audit Evidence, Auditing Accounting Estimates and Related Disclosures, Use of Specialists and Pricing Information and Risk Assessment coming in SAS-142 through 145

Learning Objectives

  • Identify how to gear up for SAS-134 through 141 for this year's audits as they pertain to states and local governments
  • Recognize how to prepare for changes to many of the remaining core audit principles, including risk assessment, estimates and evidence
  • Recognize how to have a plan for success in 2022 and 2023 audits


Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (Governmental) (1 hour), Auditing (Governmental) (1 hour)

Program Prerequisites
Basic knowledge of auditing with a focus on states and local governments.

Advance Preparation

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